Cullumber Inc manufactures street bicycle tires and mountain bicycle tires. To determine the amount of overhead to assign to each product line, the controller, Robert has developed the following information Mountain Street 28,000 Estimated tires produced Direct labor hours pertire 18,000 2 4 Total estimated overhead costs for the two product lines are $ 1,152,000. Your answer is correct. Compute the overhead cost assigned to the street tires and mountain tires, assuming the company uses a single cost pool and direct labor hours to allocate overhead costs. (Round answers to decimal places, es. 25,000.) Overhead Assigned Mountain tires Street tires 504000 $ 648000 Robert is not satisfied with the traditional method of allocating overhead because he believes that most of the overhead costs relate to the mountain tire product line because of its complexity. He therefore develops the following three activity cost pools and related cost drivers to better understand these costs. Activity Cost Pools Expected Use of Cost Drivers Estimated Overhead Costs 530 setups $92,750 Setting up machines Assembling Inspection 43,000 labor hours 503,100 530 inspections 402,800 Compute the activity based overhead rates for these three cost pools. (Round Assembling overhead rate answer to 2 decimal places, eg. 52.25.) Activity Cost Pool Estimated Overhead Expected Use of Batinuivate ABC Overhead Inspection 530 inspections 402,800 A Compute the activity based overhead rates for these three cost pools, (Round Assembling overhead rate answer to 2 decimal places, eg. 52.25.) Activity Cost Pool Estimated Overhead Expected Use of Cost Drivers ABC Overhead Rate Setting up machines $ per setup Assembling per OLH Inspection per inspection